PBA FY 2017 Earnings Report — Pembina Pipeline Corporation Revenue & Financial Results | Market Cap Arena

Pembina Pipeline CorporationPBA

FY 2017 Earnings

Reported December 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$4.0B	—	$3.1B	—	26.8%
Op. Income	$890M	—	$590M	—	50.9%
Gross Margin	27.4%	—	23.5%	—	3.9pp
Net Margin	16.5%	—	10.9%	—	5.5pp
EPS (Diluted)	$1.36	—	$0.74	—	84.2%
Free Cash Flow	-$238M	—	-$488M	—	51.2%

Revenue Flow

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.9B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$172M
SG&A Expenses	$172M
Other Expenses	-$10M
Operating Expenses	$193M
Cost & Expenses	$3.1B
OPERATING INCOME	$890M
Interest Income	$0
Interest Expense	$134M
Other Income/Expenses	-$135M
INCOME BEFORE TAX	$755M
Income Tax Expense	$104M
NET INCOME	$651M
D&A	$288M
EBIT	$818M
EBITDA	$1.2B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.9B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$172M
SG&A Expenses	$172M
Other Expenses	-$10M
Operating Expenses	$193M
Cost & Expenses	$3.1B
OPERATING INCOME	$890M
Interest Income	$0
Interest Expense	$134M
Other Income/Expenses	-$135M
INCOME BEFORE TAX	$755M
Income Tax Expense	$104M
NET INCOME	$651M
D&A	$288M
EBIT	$818M
EBITDA	$1.2B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$651M
Depreciation & Amortization	$279M
Stock-Based Compensation	$53M
Deferred Income Tax	$104M
Other Non-Cash Items	$31M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$1.3B
Acquisitions (Net)	-$983M
Purchases of Investments	-$5M
Sales/Maturities of Investments	$0
Other Investing Activities	-$108M
NET CASH FROM INVESTING	-$2.4B
Net Debt Issuance	$1.8B
Common Stock Repurchased	$0
Common Dividends Paid	-$571M
Other Financing Activities	$17M
NET CASH FROM FINANCING	$1.5B
FREE CASH FLOW	-$238M
Net Change in Cash	$209M

Balance Sheet

Item	Amount
Cash & Equivalents	$235M
Short-Term Investments	$0
Net Receivables	$374M
Inventory	$123M
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$747M
PP&E (Net)	$9.9B
Goodwill	$2.8B
Intangible Assets	$616M
Long-Term Investments	$4.6B
Tax Assets	$31M
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$17.9B
TOTAL ASSETS	$18.7B
Account Payables	$340M
Short-Term Debt	$187M
Deferred Revenue	$250M
Other Current Liabilities	$279M
TOTAL CURRENT LIABILITIES	$835M
Long-Term Debt	$5.3B
Deferred Revenue NC	$99M
Deferred Tax Liabilities	$1.7B
Other Non-Current Liabilities	$551M
TOTAL NON-CURRENT LIABILITIES	$7.7B
TOTAL LIABILITIES	$8.6B
Common Stock	$9.8B
Additional Paid-In Capital	$9.8B
Retained Earnings	-$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	-$9.8B
TOTAL STOCKHOLDERS' EQUITY	$10.1B
Minority Interest	$44M
TOTAL EQUITY	$10.1B
TOTAL LIABILITIES & EQUITY	$18.7B
Total Debt	$5.5B
Net Debt	$5.3B